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In order to start a small business, a student takes out a simple interest loan for $4000.00 for 6 months at a rate of 800%.

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In order to start a small business, a student takes out a simple interest loan for $4000.00 for 6 months at a rate of 800%. a. How much interest must the student pay? b. Find the future value of the loan a. The amount of interest is $ Round to the nearest cent.) b. The future value is $ Round to the nearest cent.)

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